Another volatile day for oil prices may have hit energy stocks again today but the big news was in retail where Hudson’s Bay announced a real estate deal and also in the financial sector where RBC announced strong results.

The Toronto Stock Exchange advanced on Tuesday morning as the Fed’s Janet Yellen spoke at Congress and said that when the bank stops using the word “patient” then rate rises will be more likely, but for now the US labour market is still a concern and therefore it is unlikely that any move in monetary policy will happen for at least two Fed meetings.